Toowong is a leafy city rim haven filled with a mix of grand Queenslander homes, worker’s cottages, older style unit complexes through to the contemporary luxury riverfront apartments.
Here, we delve into the Toowong property market to find out what makes this suburb so highly sought-after. We also look at the 2021 Toowong market update, current Toowong property prices and the Toowong suburb profile.
The median sale price for Toowong is currently $1,219,000. Apartments in Toowong are achieving a median sale price of $490,000. In the rental sector, houses in Toowong average rent of $580pw while apartments in Toowong average rent of $430pw.
Just a stone’s throw from the city, Toowong has gone from strength to strength in 2021, with many families and professionals drawn to the enviable inner-city lifestyle on offer.
A buzzing hub of restaurants and cafes, with great schools, parks including Mt Coot-tha and active transport options, have made Toowong a desirable suburb for many.
In the past year, we’ve seen West End’s culinary institution The Gunshop Café open its second location on Jephson Street, the Vera Street Community Garden reopen to the public and the cherished Goldicott House saved from redevelopment.
New primary school for western suburbs
Ongoing demand for schools in Brisbane’s inner-western suburbs has led the State Government to commit $65M to build a new primary school in the area (likely at the former Toowong Bowls Club) which they hope to open by 2023.
Demand for Toowong reaches record levels in 2021
With so much on offer in Toowong, it’s not surprising that demand for the area is at record levels.
In December 2019, the median sale price for a house in Toowong was $880,000. Since then, property values have increased by an impressive 32.30% in just two years.
How many people are looking for homes within the Toowong property market?
Our complimentary Local Market Report provides residents with a detailed look at property values and the trends we are currently experiencing throughout Brisbane’s inner-western suburbs.
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Byrony O’Neill
One of Toowong’s most experienced and hardest working agents, Byrony’s intimate market knowledge will help you sell your house, townhouse or apartment in Toowong.
Byrony’s property styling tips and advice on preparing your home for sale will guide you through how to sell your home.
M: 0412 132 480
E: byrony@byronyoneill.com
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Toowong Property Prices: September update based on the most recent property data released from CoreLogic (May 2021). Demand for Toowong: The number of monthly buy or rent searches on realestate.com.au in June 2021.